Deckers(DECK) - 2025 Q2 - Quarterly Results

Financial Performance - Second quarter FY 2025 revenue increased 20.1% to $1.311 billion compared to $1.092 billion[2] - Diluted EPS for the second quarter FY 2025 increased 39% to $1.59 compared to $1.14[2] - FY 2025 revenue guidance raised to approximately $4.8 billion, reflecting an expected increase of about 12%[6][7] - Gross margin for the second quarter FY 2025 was 55.9%, up from 53.4% in the same period last year[2] - Direct-to-Consumer (DTC) net sales increased 19.9% to $397.7 million, with comparable DTC net sales up 17.0%[2] - International net sales increased 33.0% to $457.4 million compared to $343.9 million[2] - HOKA® brand net sales increased 34.7% to $570.9 million, while UGG® brand net sales increased 13.0% to $689.9 million[3] Shareholder Actions - The company repurchased approximately 686 thousand shares for a total of $104.3 million at an average price of $152.09 per share[5] Expenses and Liabilities - SG&A expenses for the second quarter FY 2025 were $428.2 million, compared to $358.4 million in the prior year[2] - Total current liabilities increased to $875,640 thousand from $719,993 thousand, an increase of 21.6%[19] - Trade accounts payable rose to $536,581 thousand, up from $378,503 thousand, representing an increase of 42.0%[19] - Other long-term liabilities decreased to $89,296 thousand from $94,820 thousand, a decline of 5.9%[19] Assets and Cash Position - The company had cash and cash equivalents of $1.226 billion as of September 30, 2024, compared to $823.1 million a year earlier[4] - Total current assets increased to $2,701,294 thousand as of September 30, 2024, up from $2,443,483 thousand as of March 31, 2024, representing a growth of 10.5%[19] - Cash and cash equivalents decreased to $1,225,681 thousand from $1,502,051 thousand, a decline of 18.4%[19] - Trade accounts receivable increased significantly to $537,137 thousand, up from $296,565 thousand, reflecting an increase of 81.1%[19] - Inventories rose to $777,891 thousand, compared to $474,311 thousand, marking a 64.0% increase[19] - Total assets increased to $3,398,136 thousand from $3,135,579 thousand, reflecting a growth of 8.4%[19] - Total stockholders' equity grew to $2,223,239 thousand, up from $2,107,468 thousand, indicating an increase of 5.5%[19] - Long-term operating lease liabilities decreased slightly to $209,961 thousand from $213,298 thousand, a reduction of 1.6%[19]